Awkward Market Close

September has been a wild ride, with the market swinging up and down like a rollercoaster. Friday's choppy trading might have left you scratching your head. While the market is digesting the recent rate cut, it's also positioning itself for a shift in capital flows as refinancing becomes more attractive.

Essentially, we're letting new money into the economy, and this time, it's being driven by the private sector, not government spending. This is a big change from the inflation-fueled growth we saw earlier. Now, it's up to businesses and consumers to drive the next cycle.

Volatility Corner:

VIX / VVIX improved! Blue up is good, blue down is bad. The blue line has a HIGH CORRELATION to overall markets. Vix is getting crushed - equities are rallying. The issue is the general trend of the VIX is ruined, right now, by these 0DTE options.

Vix below $20 and trending to $14 or lower is an opportunity to get long. But also prepare for a vix spike as an opportunity to rebuy. Patience is required to ensure actions will be swift in the heat of the moment.

MACRO INDICATOR:

• MACRO SEASON: BULLISH Since 8/23/24🟢

• MICRO WEATHER: BEARISH Since 9/19/24🛑

New Highs $5-$20:

1. ING - ING Groep N.V. ADR | Financial | Netherlands 🇳🇱

2. KMI - Kinder Morgan Inc | Energy | USA 🇺🇸

3. ERIC - Telefonaktiebolaget L M Ericsson ADR | Technology | Sweden 🇸🇪

4. PHYS - Sprott Physical Gold Trust | Financial | Canada 🇨🇦

5. ADMA - Adma Biologics Inc | Healthcare | USA 🇺🇸

6. GDS - GDS Holdings Limited ADR | Technology | China 🇨🇳

7. PCT - PureCycle Technologies Inc | Industrials | USA 🇺🇸

8. CYH - Community Health Systems, Inc. | Healthcare | USA 🇺🇸

9. INN - Summit Hotel Properties Inc | Real Estate | USA 🇺🇸

ING - ING Groep N.V. ADR | Financial | Netherlands 🇳🇱

KMI - Kinder Morgan Inc | Energy | USA 🇺🇸

ERIC - Telefonaktiebolaget L M Ericsson ADR | Technology | Sweden 🇸🇪

PHYS - Sprott Physical Gold Trust | Financial | Canada 🇨🇦

ADMA - Adma Biologics Inc | Healthcare | USA 🇺🇸

GDS - GDS Holdings Limited ADR | Technology | China 🇨🇳

PCT - PureCycle Technologies Inc | Industrials | USA 🇺🇸

CYH - Community Health Systems, Inc. | Healthcare | USA 🇺🇸

INN - Summit Hotel Properties Inc | Real Estate | USA 🇺🇸

New Highs $20+:

1. EDR - Endeavor Group Holdings Inc | Communication Services | USA 🇺🇸

2. META - Meta Platforms Inc | Communication Services | USA 🇺🇸

3. NOW - ServiceNow Inc | Technology | USA 🇺🇸

4. HCA - HCA Healthcare Inc | Healthcare | USA 🇺🇸

5. MCO - Moody's Corp. | Financial | USA 🇺🇸

6. IBN - ICICI Bank Ltd. ADR | Financial | India 🇮🇳

7. NDAQ - Nasdaq Inc | Financial | USA 🇺🇸

8. CVNA - Carvana Co. | Consumer Cyclical | USA 🇺🇸

9. AXON - Axon Enterprise Inc | Industrials | USA 🇺🇸

10. MNDY - Monday-Com Ltd | Technology | Israel 🇮🇱

EDR - Endeavor Group Holdings Inc | Communication Services | USA 🇺🇸

META - Meta Platforms Inc | Communication Services | USA 🇺🇸

NOW - ServiceNow Inc | Technology | USA 🇺🇸

HCA - HCA Healthcare Inc | Healthcare | USA 🇺🇸

MCO - Moody's Corp. | Financial | USA 🇺🇸

IBN - ICICI Bank Ltd. ADR | Financial | India 🇮🇳

NDAQ - Nasdaq Inc | Financial | USA 🇺🇸

CVNA - Carvana Co. | Consumer Cyclical | USA 🇺🇸

AXON - Axon Enterprise Inc | Industrials | USA 🇺🇸

MNDY - Monday-Com Ltd | Technology | Israel 🇮🇱

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